Downtown boom hits Herron-Morton neighborhood
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
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McMansions: a bad bet, except maybe in the Midwest
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
Indy top market in nation for first-time buyers, Zillow finds
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.
Sprawling east-side RCA site finally could be ripe for redevelopment
The city is seeking bids to demolish the remaining building at the northeast corner of Michigan and LaSalle streets, potentially clearing the 49-acre property for reuse.
Area home sales stagnate as inventory continues to drop
The total number of active home listings in central Indiana was down 11.7 percent, from 12,878 a year ago to 11,377 at the end of last month.
High-end office park on north side sells for $162.9M
A partnership involving a local firm has acquired the eight-building complex from Duke Realty Corp., and is planning an amenity center for dining, fitness, conferences and workplace collaboration.
Former HHGregg chief named CEO at health services firm
Dennis May, who left HHGregg Inc. in February after nearly seven years as CEO of the retail chain, has a taken a new job at a health care company that has plans for regional growth.
Fresh Thyme opening sixth Indy-area grocery
With the new location, fast-growing Fresh Thyme will have 46 stores operating in the Midwest since launching in 2012.
One of downtown’s oldest buildings has new owner
Pinnacle Solutions is finishing up a $2 million renovation on the structure along East Washington Street and plans to move in on Sept. 1.
McNamara hopes $2.5M bet on HQ will help Mass Ave industrial corridor flower
The Indy area’s largest florist has completed moving its headquarters and distribution operations from Fishers to an area near downtown in need of revitalization.
Central, Southern Indiana Goodwill affiliates planning merger
The merger will create a group called Goodwill of Central & Southern Indiana that will cover 39 counties ranging from north-central Indiana to the Ohio River.
Old City Hall hotel project faces financing delay
Construction of a 21c museum and hotel slated to be built as part of a $55 million redevelopment of Old City Hall is not likely to start on time after the owner missed a deadline to secure financing.
Kite Realty’s focus on primo locations serving it well
Kite Realty Group Trust has built an admirable record of picking winning locations for its centers and keeping them vibrant with tens of millions of dollars in upgrades.
Trader Joe’s Castleton store about to get bigger
The specialty grocer is growing its footprint by taking over neighboring retail space and signing a long-term lease extension.
Lowe’s disappoints analysts with weak sales growth
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
Target cuts its sales forecast, citing ‘difficult retail environment’
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
Area home builders see eighth straight month of rising sales
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Soft pretzel vendor eyes Indianapolis for expansion
Indiana-based franchisor Ben’s Soft Pretzels LLC announced Tuesday that it was seeking franchisees to open 25 locations in the Indianapolis area by 2021.
Dick’s boosts annual forecast despite slumping golf sales
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
Home Depot sees record sales as U.S. home construction rises
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.